Callouts & quotes from 26,677+ activist slides

"A non-independent board member chairing the Risk Committee is far from best practices"

"BlackRock, consistently support management of companies who then filed for Chapter 11"

"CP’s share price increased 384% including dividends since inception of our investment"

"Stryker's recent acquisitions have come at steep multiples for challenged businesses."

"KLA's patient entry into the market with High NA technology is an existential threat."

"The unsustainable Singapore-based marketing structure by which BHP seeks to avoid tax"

"Tuller Leaves, Company Plunged Into Bankruptcy, Fraud Allegations Emerge A Year Later"

"In fact, we don’t believe there is a V-shaped recovery – certainly not in oil prices."

"Just as Kanye loves himself... ...David Demshur seems to love his stock at any price."

"Representative examples of Viking’s investments in Ginkgo’s related-party “customers”"

"If a company cannot find these opportunities, it must return capital to shareholders."

"Now Herbalife suggests this is just a minor adjustment to the way it does business..."

"Essentially, we see it as a business process outsourcer, with a very promotional CEO."

"The Company was first to market with a COVID-19 vaccine and oral antiviral treatment."

"Since FY2013, revenue has increased by 37%, but operating income has declined by 37%."

"It appears that Eurofins is engaged in evermore petty and insignificant acquisitions."

"Nevro faces an impending, disruptive competitive threat within 6 to 12 months: Saluda"

"Fujitec has been a star example of the benefits of upturning the existing management."

"It may be hard for athena to achieve much margin growth in such a competitive market."

"The Bayer crop science business has some of the best elements of the pharma business."

"The top 1% of Herbalife's U.S. distributors receive ~88% of the “gross compensation.”"

"Marcato Capital Management beneficially owns 4.8% of Epiq’s outstanding common shares"

"Having set almost impossible expectations, Red Cat is set to be blown out of the sky."

"The retroactive adjustment put an additional €52.1 million in Patrick Vitek's pocket."

"These and other failures indicate a pressing need for more independence on the board."

"Limbach has failed to quantify revenue or cost synergies for any of its acquisitions."

"TransMedics allegedly makes and controls the decision on whether an organ is accepted"

"It may look compelling on paper, but the figures collapse under even modest scrutiny."

"Spruce Point Believes Dollarama (TSX: DOL) Is A “Strong Sell” With ~40% Downside Risk"

"$34bn of available cash for strategic deployment to YE21 (>50% of current market cap)"

"Mr. Icahn believes that the current environment continues to be conducive to activism"

"I think it was artificial enrollment because it was based on subjectivity enrollment."

"there was not a huge difference in my patients...so really, what was the improvement?"

"Some of you might think we are doing pyramid sales. Probably you would feel this way."

"Drugs withdrawn from market due to QT prolongation share similarities with pitolisant"

"Drugs withdrawn from market due to QT prolongation share similarities with pitolisant"

"Two patients with fainting across 22 total suggests an extreme cardiotoxicity signal."

"花王は、新たな市場でさらなる成長が可能であることを認識しなくてはなりません。グローバル展開にコミットした戦略を通じて、今の会社予想を遥かに上回る成長が実現可能なはずです。"

"As always, we remain open to engaging with Autodesk to reach a constructive solution."

"Shareholders are not invested in a turnaround. They are funding the executives' exit."

"UFCF = ((EBITDA – D&A) * (1 – Tax Rate)) + D&A +/- Changes in Working Capital – CapEx"

"We have a $1 price target as upcoming negative catalysts sour investors on the stock."

"The numbers above clearly point at Sinch as the most prominent enabler of scam calls."

"APD’s share price including dividends and the spinoff of Versum increased 24% in 2016"

"We believe the new administration will successfully reform Fannie and Freddie (cont.)"

"Huntsman acquired its Textile Effects business from Ciba Specialty Chemicals in 2006."

"We believe he goes by Tommy X on LinkedIn where his profile shows he works for AIBOT."

"The top 1% of Herbalife’s U.S. distributors receive ~88% of the “gross compensation.”"

"Notice the above words “can be built” but not “is built” with Buy America Compliance."

"Do you accept Russian cards? Also, can you please put a pack of condoms in each room?"

"MDLZ stock increased 8% from our average cost at announcement date to April 21, 2016*"

"APD stock increased 61% from our average cost at announcement date to April 21, 2016*"

"ZTS stock increased 33% from our average cost at announcement date to April 21, 2016*"

"CP stock increased 251% from our average cost at announcement date to April 21, 2016*"

"Despite Disney’s share price peaking in 2021, it currently trades near its 8-Year low"

"D-Wave hides how hybrid solutions are almost entirely driven by classical algorithms."

"Kalshi's realized hold rate could be closer to ~1.5%, not the higher mid-point rates."

"We believe these new disclosures signal that the take rate will continue to decline."

"A buyback or increased dividend will amplify the value creation opportunities at AAP"

"BWLD's franchise operation = a high margin royalty stream that grows without capital"